Monday, June 1, 2015

ACE

Ang sabi ng mga experts, PSE is still in the bull market, sitting bull nga lang daw. Today, expected ng marami na red ang PSE. But contrary to expectation PSE rose from 7,580.46 last Friday to 7,670.37 today. Napansin ko, this first five months of 2015, from Feb 11 to 27 and March 25 to April 7, heavy ang buying ng mga foreign brokers. Pagpasok ng April, nag-iba na ang tono. From April 8 to 20 and May 8 to 28, heavy selling ang gawa ng mga foreign brokers. Today, June 1st, lumiit ang net ng foreign brokers down to 40,881.00. Hopefully, magbago na ang timplada in the coming days. 

As a result of heavy selling during the past two months, I decided to change my trading strategy. I call it "bottom fishing". Anumang stocks na sound ang fundamentals subalit nakaranas ng malaking % loss ay kandidato sa bottom fishing na ito. I am still testing this idea if it will work. Last Friday, both PNB and RFM fell down more than 14%. I thought of buying them today, but I changed my mind. I just want to observe if my projection is correct. It turned out that today PNB rose up 10.65% and RFM 6.16%. Kung bumili pala ako ng 2 stocks na ito, ayos sana ang gain. Anyway, nandiyan lang naman ang stock market. Today, after studying the decliners, I came up with one stock na sound ang fundamental, ACE. 



From 1.15 to 1.09, ACE's price fell down to 5.22% today. I think this stock is safe to buy below 1.09 for 84.27% of buyers today bought @ 1.18. Still the ideal price for me to enter this stock is between 1.00 to 1.03.

Other Relevant Information:

Today's Market Price: 1.09

Previous Price: 1.15

% Change: 5.22 %

Volume: 170,000

Number of Trades: 7

Top Buyer: Westlink, 194,000 @ 1.17

Top Seller: Angping, 118,000 @ 1.18

More solid sellers than buyers, 3 to 2

AR 2013 Book Value: 3.58

AR 2014 Book Value: 3.71

1Q 2015 Book Value: 3.75

AR 2013 EPS: 0.03

AR 2014 EPS: 0.13

1Q 2014 EPS: 0.05

1Q 2015 EPS: 0.04



No comments: